Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Western Resources Corp T.WRX

Alternate Symbol(s):  WTRNF

Western Resources Corp. is a resource company. The Company is mainly focused on the development of its Milestone potash project (the Milestone Project) in Canada owned by its subsidiary, Western Potash Corp. (Western Potash). The Company owns a 100% interest in the Milestone Project located in the province of Saskatchewan under various property leases. The Milestone Project includes approximately 84,557 acres of Crown held mineral leases and 65,305 acres of acquired freehold leases. The Company is constructing Phase I of the Milestone Project. The Company also invested in real estate development projects in the Greater Vancouver Area through limited partnerships. The Company completed the drilling of 11 potash exploration wells on project property, completed several hundred-line kilometers of 2D seismic study, and conducted a 3D seismic study during the project exploration program. The Company has no mineral production that yields any revenue.


TSX:WRX - Post by User

Bullboard Posts
Post by theinvstoreon Apr 21, 2018 2:05pm
98 Views
Post# 27921821

A true investment with untapped value - POP!

A true investment with untapped value - POP!The stars are aligned..... 

......."The Company has also entered into a non-binding Memorandum of Understanding (MOU) with a senior North American agriculture industry player to transport and offtake 100% of the Phase I Project potash production to the North American market."
+
Go back and look at KRN when they announced the Indians were financing them. WRX has the funds, the investor backing and an offtake agreement.
+
Access to funds....$60M cash + $60M credit facility
Access to  Mining Construction know how through an investor - 
https://www.procongroup.net/about/
+
Stock market expertise 
Mr. Gao was appointed as Chief Operating Officer of Western Resources Corp
+

Western Potash has leased freehold potash mineral rights within the Rio Tinto (Joint Venture with North Atlantic Potash Inc) Exploration permit KP 405, which is located immediately adjacent to the Milestone Property in Southern Saskatchewan. Within KP 405, the Company holds 100% of 20,523 Hectares of land (50,323 Acres) on 46 parcels of land. Additionally, the Company controls less than 100% interest on 49 parcels of land, totaling 3,588 Hectares (8,866 Acres). The Company controls a total of 24,111 Hectares (59,189 Acres) within the Exploration permit KP 405.


Bullboard Posts